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Article

21 Jun 2011

Author:
Janet Ranganathan, World Resources Institute

Six Things Companies Need to Know About Climate Change Adaptation

In a survey of global businesses, 86 percent described responding to climate risks or investing in adaptation as a business opportunity. So finds a…report…by the UN Global Compact, the UN Environment Programme…Oxfam and the World Resources Institute….Adapting for a Green Economy: Companies, Communities and Climate Change makes the business case for private sector adaptation to climate change in ways that build the resilience of vulnerable communities in developing countries. Here are some important things about climate change adaptation that all companies should know: Climate change adaptation differs from climate mitigation…Climate change is already happening…Climate change creates business risks at multiple points along corporate value chains…Preparation is everything…Climate change creates business opportunities as well as risks…Climate adaptation is a mainstream challenge…[refers to Anheuser-Busch, Cemex, Swiss Re]